Such a calculator asks a number of questions; each answer will be used as a variable to make quotes and determine the premium fee. The questions can be divided into two main categories including vehicle-related and personal information. Some of the most common questions you see in the car insurance calculator are listed as follows:
1. What is your age or date of birth?
Age plays a role in the overall estimate. The insurance company considers very young and older high-risk drivers. The former group probably lacks experience, and there is a great possibility that young drivers break certain traffic laws, commit violations such as speeding, and so on. The latter group probably has some limitations in terms of vision, hearing and driving skills, which means the chance of getting involved in an accident also increases.
2. What is your profession?
The car insurance calculator uses the driver’s occupations to calculate the accident rate. There are statistics that suggest that certain professions such as doctors, realtors, lawyers, entrepreneurs and salesmen are considered stressful jobs. Insurance companies believe that stressful jobs affect the concentration of driving. Cal insurance calculator can determine higher insurance premium based on this factor.
3. What type of car do you drive?
The car model also affects insurance prices. The car insurance calculator can treat luxury cars as the more expensive assets to insure. In the event of accidents, vandalism or theft, it is likely that a luxury car will cost more to repair compared to its cheaper counterparts. Sports car with high top speed and fast acceleration is also quite risky to insure, so insurance companies usually charge more for such vehicles.
4. How many cars to insure?
The best thing is that the more cars that are in the same insurance, the more discounts you will probably get. The discount is based on package options, so you can be entitled to other discounts if you insure your house, health and life also with the same company.
5. What is your address?
The car insurance calculator uses your address to determine if you live in a particular area where the crime rate is considered high. You have to pay more to protect the car if you live in risky cities.
6. How many violations of your driving record?
Driving records are evidence where DMV lists all previous accidents in which you were involved, traffic violations and all tickets. Insurance companies use the information to determine if you are a low risk or high risk driver.